Hug Joshua 4
4 · Remitly Global, Inc. · Filed Apr 15, 2026
Research Summary
AI-generated summary of this filing
Remitly (RELY) Director Joshua Hug Sells 24,000 Shares
What Happened
Joshua Hug, a director of Remitly Global, sold a total of 24,000 shares in open-market dispositions on April 14–15, 2026. The sales break down as: 5,500 shares @ $17.76 for $97,680; 6,500 shares @ $17.98 for $116,870; 5,500 shares @ $18.73 for $103,015; and 6,500 shares @ $18.02 for $117,130 — total proceeds roughly $434,695. These were sales (not purchases), which are often routine insider liquidity events rather than a sign of company outlook.
Key Details
- Transaction dates: April 14, 2026 and April 15, 2026.
- Prices and values: 5,500 @ $17.76 ($97,680); 6,500 @ $17.98 ($116,870); 5,500 @ $18.73 ($103,015); 6,500 @ $18.02 ($117,130). Aggregate proceeds ≈ $434,695.
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Notable footnotes:
- F1: At least one sale was effected automatically under a Rule 10b5-1 trading plan adopted Dec 11, 2025.
- F2/F3: Reported prices are weighted averages; the filing notes the shares were sold in multiple trades within ranges ($17.46–$17.95 and $18.09–$19.01) and offers to provide a per-price breakdown on request.
- F4: The securities are held by a family trust for which the reporting person’s spouse is trustee.
- Filing timeliness: Form 4 was filed on April 15, 2026 (timely within the standard reporting window).
Context
Sales made under a 10b5-1 plan are pre-arranged automated trades and are generally considered routine liquidity management. This filing reports only dispositions (no purchases, option exercises, or gifts), so it should not be read as a direct signal about company fundamentals.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-14$17.76/sh−5,500$97,680→ 3,568,803 total - Sale
Common Stock
[F1]2026-04-14$17.98/sh−6,500$116,870→ 3,562,303 total - Sale
Common Stock
[F1][F3]2026-04-15$18.73/sh−5,500$103,015→ 3,556,803 total - Sale
Common Stock
[F1]2026-04-15$18.02/sh−6,500$117,130→ 3,550,303 total
- 300,000(indirect: By Trust)
Common Stock
[F4]
Footnotes (4)
- [F1]This transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2025.
- [F2]Weighted average price. These shares were sold in multiple transactions at prices ranging from $17.46 to $17.95 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F3]Weighted average price. These shares were sold in multiple transactions at prices ranging from $18.09 to $19.01 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F4]The securities are held by a family trust, of which the reporting person's spouse is the trustee.